No Net Loss. Asta Funding and its Subsidiaries shall have no net loss on a consolidated basis during any Fiscal Year. For purposes of computing net loss of Asta Funding and its Subsidiaries, the net income of any Non-Credit Party Affiliate (to the extent such net income is greater than zero) shall be excluded from such computation.
Appears in 3 contracts
Samples: Loan Agreement (Asta Funding Inc), Loan and Security Agreement (Asta Funding Inc), Loan Agreement (Asta Funding Inc)
No Net Loss. Asta Funding and its Subsidiaries shall have no net loss on a consolidated basis during any Fiscal Year, provided however, for Fiscal Year ending September 30, 2009 only, a net loss not to exceed $10,000,000 will be permitted under this Subsection (d). For purposes of computing net loss of Asta Funding and its Subsidiaries, the net income of any Non-Credit Party Affiliate (to the extent such net income is greater than zero) shall be excluded from such computation.
Appears in 1 contract
Samples: Loan Agreement (Asta Funding Inc)
